ICC International Cannabis Corp WLDCF

A couple of takeaways from the recent budget.

[KerBer]

By 2020-2021, the government predicts that cannabis sales will be approx. $5.4 billion. By 2022-23, sales are expected to amount to $9 billion. These are generally considered to be conservative numbers. Cannabis is going to be taxed at $1 a gram or 10% of sales, whichever is higher. However, sales of CBD oils will be exempt from the tax. And ICC Labs are focused on being the worlds biggest producer of CBD oil's. Already, we have agreements with two Canadian companies, NUU and EMC, to sell them our CBD oil. I expect we will hear of more agreements over the next few months as more Canadian and European companies sign on to purchase oils from ICC. There is a lot of competition in the recreational market and a natural cap on prices ( raise prices too much and consumers will go back to the black market ). However, medical cannabis has to be treated like any pharma product with great attention paid to quality and consistency, something that will not happen in the black market. With our ability to produce, high quality CBD oil, in large quantities and as a first mover, we are well positioned to be one of the worlds biggest sellers ( wholesale and retail ) of CBD oil.